**BTC/USD Swing Analysis Confirmation:**

**Time Frame:** Daily (1D)

**Previous Analysis Summary:**
Last week's analysis indicated a potential swing setup for BTC/USD. Key Fibonacci retracement levels were identified, along with significant support and resistance zones.

**Key Observations:**
1. **Fibonacci Levels:** The Fibonacci retracement levels are drawn from the recent high to the recent low:
- 0.382 (38.2%) at approximately $60,557.02
- 0.5 (50%) at approximately $62,736.97
- 0.618 (61.8%) at approximately $64,116.92
- 0.786 (78.6%) at approximately $68,020.57

2. **Current Price Action:**
- **Bid Price:** $60,031.92
- **Ask Price:** $60,031.93
- BTC is currently trading near the 0.382 Fibonacci level, which suggests potential resistance.

3. **Support and Resistance:**
- **Support Zone:** Around $53,500, where the previous low is marked.
- **Resistance Zone:** Around $62,737 (50% Fibonacci retracement).

4. **Trendlines:**
- A descending trendline is evident, suggesting a bearish trend in the recent past.
- A breakout above this trendline could indicate a potential reversal.

**Trade Confirmation:**
- BTC has shown some bullish momentum, attempting to break above the 0.382 Fibonacci level.
- The price is currently consolidating near this level, suggesting indecision in the market.

**Action Plan:**
- **Bullish Scenario:** If BTC breaks and closes above the 0.382 Fibonacci level ($60,557.02) and the descending trendline, it could signal a potential move towards the 0.5 Fibonacci level ($62,736.97) and possibly higher towards the 0.618 level ($64,116.92).
- **Bearish Scenario:** If BTC fails to hold above the 0.382 Fibonacci level and the descending trendline, it could retest the support zone around $53,500.

**Conclusion:**
- The current price action aligns with the previous week's swing analysis, confirming the importance of the identified Fibonacci levels and trendlines.
- Traders should watch for a confirmed breakout above the 0.382 level and the descending trendline for bullish confirmation or a rejection at this level for potential bearish moves.

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